Latin American petchem markets start December in free fall

摘要

Houston-The Latin American petrochemical market started off the month still feeling the after-shocks of the price earthquake that recently hit. "The speed with which prices have fallen is so great these last few months that in a short time all recent price increases have been eliminated, leaving us with prices not seen since 2007," a confirmed source said. "We never thought we would be in the unenviable position of having to tell our customers to only buy the absolutely necessary during this time."